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____ Are Powers,privileges,or Interests That Belong to a Person by Law,nature,or

question 111

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____ are powers,privileges,or interests that belong to a person by law,nature,or tradition.


Definitions:

Extraordinary Event

An event or transaction that is distinct from the ordinary and typical activities of a business and is both unusual and infrequent.

Earthquake

A natural phenomenon characterized by the shaking of the surface of the Earth, often caused by the movement of tectonic plates.

Tornado

A violently rotating column of air extending from a thunderstorm to the ground, capable of vast destruction.

Inventory Method

An accounting technique used to determine the cost of goods sold and the end-of-period inventory valuation.

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